Private equity investor, CGE Partners, will bring significant resources to support SureCloud in its next phase of growth
SureCloud, a leading provider of Governance, Risk, and Compliance (GRC) SaaS solutions and tech-enabled Risk and Cybersecurity services, today announced that it has secured an investment from private equity investor, CGE Partners (“CGE”).
CGE targets fast-growing tech-enabled businesses with a differentiated position and ambitious, proven management teams. CGE will support SureCloud in its next phase of growth amid the increasing volume and complexity of regulations and risks faced by organizations across all industries. CGE will bring significant resources to accelerate SureCloud’s impressive growth to date in new product development, international expansion, and targeted M&A.
This announcement comes at a pivotal time for SureCloud as it embarks on setting a new standard for purchasing GRC and Cyber Risk Management solutions with its capability-centric approach, which provides organizations with the process automation and expertise they need to deliver successful programs from inception to outcome.
CGE Partners commented: “SureCloud is a fast-growing, software-as-a-service business which has achieved an outstanding reputation for innovation and technical expertise. SureCloud’s platform is strongly positioned to capitalize on significant market growth as organizations seek to manage the ever-increasing wave of regulation, IT, and cyber risks. We expect to achieve this through a combination of organic growth and acquisitions and look forward to working with the SureCloud management team.”
Richard Hibbert, CEO and Co-founder of SureCloud, commented: “We are thrilled to partner with CGE as we continue to build on our offerings and geographic reach. We believe our capability-centric approach to GRC and Cyber Risk Management will have a game-changing impact on the industry. It’s always been our mission to not only serve clients but to continuously innovate on their behalf, and this investment will help us continue to do exactly that.”
Marks Baughan acted as the financial adviser to SureCloud.
For more information on this transaction, please contact:
Chris Rose
610.616.3298
crose@marbau.com
Braeden DeWan
610.365.7284
bdewan@marbau.com
Mike Doulong
610.643.4618
mdoulong@marbau.com
About Marks Baughan Securities
Marks Baughan provides investment banking services to growth companies. Our clients are software, technology-enabled services and data-intensive companies seeking shareholder liquidity or growth capital. We work tirelessly alongside our clients and excel at defensible positioning and disciplined processes that maximize shareholder value. Our professionals come from senior positions at bulge-bracket firms, giving our clients access to the relationships and experience that come from our years of interaction with the top executives and investors in companies in our fields. Our clients receive top-flight advice throughout any advisory relationship, because our boutique approach allows our senior advisors to stay deeply involved with each client on a continuous basis. No handoffs to junior staff. No preferential client relationships. No conflicts of interest.
For additional information on Marks Baughan, see www.marksbaughan.com.
About SureCloud
SureCloud is a leading provider of Gartner-recognized Governance, Risk, and Compliance (GRC) SaaS solutions and tech-enabled Risk and Cybersecurity services, all underpinned by a single proprietary cloud-based platform. Integrating software with expertise, SureCloud provides the GRC and Cyber Risk Management capabilities organizations need to deliver successful programs from inception to outcome while aligning with industry-recognized risk and compliance frameworks.
For additional information on SureCloud, see www.surecloud.com.
About CGE Partners
CGE Partners launched its €440m European mid-market buyout fund in 2019. CGE targets purposeful businesses with a differentiated position and real ambition to grow. Through its sector-focused investment strategy, CGE seeks to back companies with an enterprise value of up to €200m, and with ambitious, proven management teams.
For additional information on CGE Partners, see cge-partners.com.